Crypto EcoBlog
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Read More »Russian Ruble Tanks, Oil Prices Soar on EU and US Embargo Talks
The US government and EU authorities said over the weekend that they are considering banning Russian oil imports. Shortly after, the ruble dumped by another 10%, while oil prices skyrocketed during early Monday trading hours. Ruble Dumps, Oil Soars Following President Putin’s “special military operation” against Ukraine, which became an all-out war between the two former Soviet states, the EU and the US began imposing sanctions against Russia instead of getting directly...
Read More »Low Oil Prices Could Make US Bitcoin Miners More Competitive, Antonopolous Says
Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries.Oil Prices To Affect BTC MiningThe sudden outbreak of the COVID-19 pandemic started a domino effect on world economies. Nationwide lockdowns – meaning less traveling and movement – prompted less oil consumption. At the...
Read More »Bitcoin Skyrockets To $7700: Almost Fully Recovered From The March 12 Collapse, As Gold, Oil and Global Markets Soar
Bitcoin made a serious move in the past few hours as its price soared up to above $7,720 in just a few minutes. Legacy markets followed as the S&P500, the Dow, as well as gold and oil are all trading in the green.Bitcoin Price Surges to $7,700In a few quick hours, Bitcoin’s price marked a massive increase, surging up above $7,700 from about $7,060. The price has since retraced a bit as it’s currently trading around $7500, which is still about 5% on the day.BTC/USD. Source: BinanceAs it...
Read More »Bitcoin Price Almost Entirely Recovered From The March 12 Plunge: This, Without External Help From The Fed
Having suffered losses due to the COVID-19 led market onslaught, both Bitcoin and the United States stock market have had a good month. However, one analyst has pointed out how Bitcoin’s recovery has been entirely driven by market forces, while stocks have been rallying on the back of government intervention. Bitcoin Recovered Without External Intervention “Take a step back [to] think about how $BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted,...
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